Home > Salary > Ethiopia > Loan Underwriter Consumer
A loan underwriter in the consumer sector is responsible for evaluating and assessing loan applications from individuals seeking credit for personal purposes such as buying a car, funding education, or consolidating debt. Their primary role is to analyze the borrower's financial information, credit history, and employment details to determine their creditworthiness and ability to repay the loan. They review loan documentation, verify income and assets, calculate debt-to-income ratios, and assess the borrower's overall financial situation. Additionally, they ensure compliance with lending regulations and company policies, and may negotiate loan terms and conditions. Effective communication skills are essential as loan underwriters often interact with loan officers, borrowers, and other stakeholders. This occupation requires strong analytical skills, attention to detail, and the ability to make sound judgments based on risk assessment.
Estimated Yearly Salary: 119,120 ETB
Estimated Monthly Salary: 9,927 ETB
Estimated Weekly Salary: 2,291 ETB per week
Estimated Hourly Salary: 57 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 9,625 ETB
Estimated Weekly Salary: 2,221 ETB per week
Estimated Hourly Salary: 56 ETB per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 1,988 USD
Estimated Monthly Salary: 166 USD
Estimated Weekly Salary: 38 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 119,120 ETB
Estimated Monthly Salary: 9,927 ETB
Estimated Weekly Salary: 2,291 ETB per week
Estimated Hourly Salary: 57 ETB per hour
By working as Loan Underwriter Consumer a person can save up to 89 USD per month or 1,066 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Loan Underwriter Consumer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Project management specialist (166,650 ETB per year, pre-tax.)
Comsec custodian (134,805 ETB per year, pre-tax.)
Corrosion engineer (158,865 ETB per year, pre-tax.)
Commercial artist (136,860 ETB per year, pre-tax.)
Certified prosthetistorthotist (cpo) (111,563 ETB per year, pre-tax.)
Loan Underwriter Consumer salary in Ethiopia
Average Yearly Salary of Loan Underwriter Consumer in Ethiopia is approximately 119,120 ETB (1,988 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Loan Underwriter Consumer do?
A loan underwriter in the consumer sector is responsible for evaluating and assessing loan applications from individuals seeking credit for personal purposes such as buying a car, funding education, or consolidating debt. Their primary role is to analyze the borrower's financial information, credit history, and employment details to determine their creditworthiness and ability to repay the loan. They review loan documentation, verify income and assets, calculate debt-to-income ratios, and assess the borrower's overall financial situation. Additionally, they ensure compliance with lending regulations and company policies, and may negotiate loan terms and conditions. Effective communication skills are essential as loan underwriters often interact with loan officers, borrowers, and other stakeholders. This occupation requires strong analytical skills, attention to detail, and the ability to make sound judgments based on risk assessment.
Skills: Loan underwriter, Consumer lending, Credit analysis, Financial evaluation, Risk assessment, Compliance
Job industry: Finance
Job industry: Finance
How much does Loan Underwriter Consumer make?
Salary details
How much does Loan Underwriter Consumer make?Estimated Yearly Salary: 119,120 ETB
Estimated Monthly Salary: 9,927 ETB
Estimated Weekly Salary: 2,291 ETB per week
Estimated Hourly Salary: 57 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 115,500 ETBEstimated Monthly Salary: 9,625 ETB
Estimated Weekly Salary: 2,221 ETB per week
Estimated Hourly Salary: 56 ETB per hour
Last revision of data: 2024-01-02Loan Underwriter Consumer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 1,988 USD
Estimated Monthly Salary: 166 USD
Estimated Weekly Salary: 38 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Loan Underwriter Consumer job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Loan Underwriter Consumer in Ethiopia earns on average:
1.13 times the average salary (or 113% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Loan Underwriter Consumer job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Loan Underwriter Consumer in Ethiopia earns on average:
1.13 times the average salary (or 113% of average salary).
Is Loan Underwriter Consumer a well paid job?
Yes, our data show that Loan Underwriter Consumer is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Loan Underwriter Consumer?
High salary for Loan Underwriter Consumer would be somewhere between 131,032 ETB and 172,724 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Underwriter Consumer in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 119,120 ETB
Estimated Monthly Salary: 9,927 ETB
Estimated Weekly Salary: 2,291 ETB per week
Estimated Hourly Salary: 57 ETB per hour
By working as Loan Underwriter Consumer a person can save up to 89 USD per month or 1,066 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Loan Underwriter Consumer
Sudan is 786 USD
Kenya is 6,250 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Project management specialist (166,650 ETB per year, pre-tax.)
Comsec custodian (134,805 ETB per year, pre-tax.)
Corrosion engineer (158,865 ETB per year, pre-tax.)
Commercial artist (136,860 ETB per year, pre-tax.)
Certified prosthetistorthotist (cpo) (111,563 ETB per year, pre-tax.)
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